7063 Lanewood Ave, Los Angeles, CA 90028
7063 Lanewood Ave, Los Angeles, CA 90028
7063 Lanewood Ave, Los Angeles, CA 90028
37
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$4,495,000
Est. payment /mo
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12 Beds
18 Baths
16,926 SqFt
Price Dropped by $155K

7063 Lanewood Ave Los Angeles, CA 90028

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Roddy de la Garza

Roddy de la Garza

+1(323) 696-5375

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,926 sqft

Price per Sqft $265

MLS Listing ID 26660933

Style Spanish

Bedrooms 12

Year Built 1930

Lot Size 8,753 Sqft

Acres 0.2009

Property Sub-Type Multi-Family

Property Description

7063 Lanewood Avenue is a multifamily apartment building located in the heart of Central Hollywood, one of Los Angeles' most transit-rich, high-demand rental submarkets. Situated just steps from the Hollywood/Highland Metro station and within immediate proximity to Hollywood Boulevard, Sunset Boulevard, and the 101 Freeway, the property offers tenants an unmatched combination of walkability, urban convenience, and connectivity to major entertainment, employment, and lifestyle corridors. The surrounding area includes Runyon Canyon, the Hollywood Bowl, and a dense concentration of dining, nightlife, and retail, all of which contribute to sustained, year-round rental demand from a deep and diverse tenant pool. Central Hollywood is characterized by limited developable land, significant barriers to new construction, and a persistently undersupplied rental market conditions that support long-term rent growth and asset appreciation.The property is an 18-unit Mediterranean-style apartment building comprising approximately 16,926 square feet of improvements on an 8,750-square-foot lot. The unit mix consists of six studio units and twelve one-bedroom / one-bath units a tenant-friendly configuration well suited to the young professionals, creatives, and entertainment industry workers who drive rental demand in this submarket. The building is fully occupied, providing a stabilized income stream with upside potential as future turnover allows rents to be brought to market over time. With a Walk Score of 95, a premier Hollywood address, and a proven rental profile in a supply-constrained corridor, 7063 Lanewood Avenue represents a compelling opportunity to acquire a well-located, fully leased multifamily asset with long-term appreciation potential in one of Los Angeles' most iconic and consistently in-demand residential neighborhoods.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Electric

Cooling Wall/Window

Equipment None

Laundry None

Exterior

Parking Features None

Building

Architectural Style Spanish

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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7063 Lanewood Ave